In passive sentences , the subject receives the action verb . The most commonly used verb tenses for this form are present continuous and past continuous. For now let’s keep going with the present continuous
Answer:
Yes this statement was an error and its effect on financial statements of Woods will be that asset ( equipment in this case) would be overstated and obviously the net income of the company would also increase.
Explanation:
Here Woods accountant has made the error of debiting the cost of $500 on the asset account ( equipment) , which shouldn't have happened as the asset accounts have natural debit balance which means that when an amount is debited to the asset account it will increase the value of the asset.
So therefore here we can say that the asset here is overstated and if the assets are shown overstated it is natural that the income reflected would also be overstated.
When the government lowers income taxes, consumption is Stimulated, causing a <span>rightward shift of the AD curve.
By lowering income taxes, the government will ensure an increase in average disposable income (part of the income that could be used to buy things). This will stimulate consumption and rightward movement in the Curve.</span>
<span>When an activity threatens to harm the environment or society, policy
makers should consider implementing precautionary measures. Precautionary
measures should be taken even if some cause and effect relationships are not fully
established scientifically to ensure safety to an environment or society.</span>
